Date: Thursday, July 24th, 2014, 10:43
Category: iPhone, Rumor, Software
It probably won’t come as a surprise, but Apple may be working on its own e-wallet technology that could debut alongside the iPhone 6 this fall.
Per The Information, anonymous sources close to the store claim that Apple is accelerating work on a mobile payments system, or digital wallet, that could be ready by this fall, allowing customers to pay for physical goods with their iPhone instead of a credit card or cash.
The report states that Apple is in talks with partner companies to launch a Google Wallet competitor as soon as this fall, with some saying the service may roll out with the so-called “iPhone 6.”
Sources have indicated that Apple is in talks with major credit card company Visa to forge a partnership that could revolutionize the way consumers pay for goods. As noted by the article, a direct partnership with Visa — or other major credit card company — would be a huge step in bypassing the payment processing chain, saving both merchants and customers money.